In December 2024, Germany registered 3 new projects with US$3 million in newly registered capital, according to Vietnam’s Ministry of Planning and Investment. This marks no change in the number of new projects compared to November, which also recorded 3 new projects with US$21.46 million in newly registered capital.
In 2024, Germany invested in 24 new projects with US$118.54 million in newly registered capital.
Foreign direct investment (FDI) from Germany into Vietnam has grown steadily, reflecting the strong economic partnership between the two countries. German investments are concentrated in sectors such as manufacturing, renewable energy, automotive, pharmaceuticals, and logistics. Prominent German companies, including Siemens, Bosch, Mercedes-Benz, and Bayer, have established a significant presence in Vietnam, contributing to industrial development, advanced manufacturing, and technology transfer.
The EU-Vietnam Free Trade Agreement (EVFTA) has further strengthened trade and investment ties, providing German businesses with preferential market access and improved conditions for investment. Vietnam’s strategic location in Southeast Asia, skilled workforce, and growing consumer market make it an attractive destination for German investors. Additionally, Vietnam’s focus on sustainable development aligns with Germany’s expertise in renewable energy, green technologies, and smart infrastructure. As Vietnam continues to modernise its economy, German FDI is expected to increase, particularly in high-tech industries, automation, and environmentally sustainable projects, reinforcing the strong economic relationship between the two nations.
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